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Corporate Governance

APRIL Group has clear and well-developed corporate governance.

A Supervisory Board oversees the affairs of APRIL Group and its subsidiaries. It is committed to ensuring that high standards of corporate governance are practiced across APRIL Group’s business and operations. This is fundamental to the discharge of its responsibilities to protect and enhance shareholder value.

APRIL Group upholds a strict code of corporate governance and business ethics, standards by which all employees are contractually bound to abide. These guidelines include provisions for fair and non-discriminatory engagement 
with stakeholders, avoidance of conflicts of interest and intolerance of corrupt practices.

The principal function of the Supervisory Board is to oversee the business affairs of APRIL Group. It reviews and determines overall strategy, policies on business direction, financial objectives, control and performance, risk management and issues of resource allocation.

The Supervisory Board is responsible for the effectiveness of governance practices and the overall management and control of all entities within the group. The Board’s role is to oversee the management of the group on behalf of the shareholder.

The Board Members represent a diverse range of perspectives, originating from Indonesia, Singapore and India.

Specific areas of responsibility are delegated to Committees. These Committees have the authority to examine particular issues and report back to the Board with their recommendations, where appropriate. The ultimate responsibility for final decisions, however, rests with the Supervisory Board.

To ensure smooth operations and facilitate decision making, the Supervisory 
Board has delegated certain functions 
to Executive Management Committees. These committees are formed as dictated by business imperatives to deal with specific matters such as strategic direction, performance reviews, market updates, risk management and organisational development of the Group.

The levels of authority for management are documented in detail in a Delegation of Authority Policy the Supervisory Board has put in place.

Board Members are entitled to full access to the information required to discharge their responsibilities, including unrestricted access to all senior executives as well as the internal and external auditors.

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